GPT Group has made headlines over the past week as it susses out whether investors will support the listing of the Metropolitan Office Fund, comprising of...

GPT Group has made headlines over the past week as it susses out whether investors will support the listing of the Metropolitan Office Fund, comprising of business parks and offices in Sydney, Melbourne and Brisbane valued at $376m. Boasting a reported starting yield of 7.4% I expect retirees sick of pygmy interest rates will jump all over it given half a chance. Most will ignore the fact that the portfolio is concentrated in B-Grade property in areas such as Sydney's Olympic Park, 17kms west of the CBD, instead focusing on the difference between the starting yield and term deposit rates. Despite sky-high property prices nor will they consider this is a great time to be selling commercial property, not buying it, which is exactly what GPT Group chief executive Michael Cameron is doing.